Security Deposit Payment and Clearing!

Hi Experts,
We have an requirement when the cash security deposit is processed/released in SAP ISU it should hit the liability ledger account and not the bank clearing account.
As per SAP standard functionlity when the cash security deposit request is initially posted it will have only A/R account associated with it as it is a statistical item with the main and sub of 0020/0020 and when the actual payment is received we post as an cash security deposit payment with the main/sub as 0020/0010 through assignment in the posting area 1010.
We have maintained the 0020/0010 in EK02 with the liability account assocaited with it.
Though it reads as cash security deposit payment as it is still posted through the payment lots it hits the bank clearing account associated with the payment lot and not the ledger account associated with the main and sub of 0020/0010. I checked the posting area 1010 and it didnt allow the G/L account to be specified during down payment clearing.
I am not sure if there is a way to handle this but our requirement is to capture this cash security deposit payment in different liability ledger account and not the Bank clearing/Cash in transit account.
Any thoughts on how to go about it and fix this issue will be highly appreciated.
Thanks,
Bharat

Hi - I recommend you document the expected postings, because when the security deposit is made, you are debiting cash, right?
Here would be the expected postings as an accountant when the security deposit is made:
Debit Cash
  Credit Liability
When security deposit is released, then the following should occur:
Debit Liability
Credit cash
So to me the assumption that it shouldn't post to the bank clearing account is incorrect; it should as cash transactions are occurring, right?  I recommend documenting the requirements with the accountant.
Tammy

Similar Messages

  • Security Deposit Interest and Withholding tax_ Query

    Hi Experts
    I have raised a security deposit request and received payment against it. Interest on the cash security deposit was also calculated and it was also posted to contract account subject to Withholding tax assigned to it.
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    Thanks in Advance.
    Regards
    Anwesha.

    Hi Anwesha,
    There are multiple tables where you can access the data releted to security deposits and the interest calculated against them.
    FKK_SEC
    FKK_SEC_REQ
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    Table DFKKIAPT will give you the interest information for the security deposit.
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    Thanks,
    Amlan

  • Holding Security deposit payment as liabilities

    Hi Experts,
    is it possible to account the security deposit payments as liablities (into separate liability G/L) untill it is released. And have it moved to the another reconciliation G/L when the payment is released?
    Thanks,
    Dhiraj

    Hi Dhiraj,
    You can have the payment on account to posted to liability GL its up to client requirements.
    In our client for all generic AR we maintain one GL and for all payment on accounts we maintain another GL like SD liability GL.
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  • Security deposit payment

    Hi,
    My requirement is to account the payments to a security deposit separately till the time it is not released.
    Details as below.
    1. When the security deposit is cleared by a payment, the payment item should reflect in G/L account X001.
    2. When the security deposit is released, the payment amount should go to G/L X002 debitting the account X001 by the equivalent amount.
    Step 1 can be achieved through the config of EK01, however can anyone please suggest if there is something which helps to achieve step 2? That means when a security deposit is released it should be transferred to another G/L account?
    Thanks a lot in advance.

    Hi Dhiraj,
    Going through your Step2, it seems that you are looking for a journal entry to be done, once the SD payment is released so that the initial GL A/c, (say X001) is settled and the balance is transferred to a new GL A/c (Say X002).
    I guess you are performing the SD release only at the time of Final Invoicing and not on an ad-hoc basis through FPSEC2.
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    IMG--->SAP Utilities--->Invoicing--->Invoice Processing-->Item Selection in Invoicing--->Item selection in Account maintenance/Define Sub Items
    Select the Clearing type, either R42/R43 (depending on your Business Process) and click on "Item Selection for Bill Printout (Sub Items)".
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    The newly generated document inherits the due date of the invoicing document.
    Hope it helps..
    Thanks,
    Amlan

  • Posting Cash Payments and Clearing Invoices

    Hi everybody,
    Can anybody suggest a transaction to post payments (money) and clear FI invoices.
    I am looking for a transaction where the user can pull an invoice by doing a search by invoice number, or by PO number, and to post a payment against the invoice, do clear it down.
    I tried the transaction F-28 and, apparently, I can´t search the invoice by the PO number.
    Appreciate your help!
    Thank you very much!
    Kind regards
    Drimas

    Hello,
    If I understand correctly you are trying to make payment for vendor invoice. Whereas, the transaction code F-28 relating to Customers.
    You have two option in SAP to post invoice
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    2. If it is pure FI Invoice, then you can post the invoice through F-43 or FB60
    Now for any of the invoices 1 or 2, you would like to make the payment,
    You can make the payment by using
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    F-58 - Creates the Payment document as well as assign the check automatically.
    F110 - For Automatic Payment Program
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    If you want to void the check as well reverse payment document FCH8
    If you have not assigned any check so far, but would like to reverse the payment document, then use FBRA.
    Once you have reversed the payment, if you still wanted reverse invoice document, then use FB08.
    If you want to see the check register, use FCHN.
    To update the check number on assignment or reference field, you can use FCHU.
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    Regards,
    Ravi

  • VISA card / Master Card Payment and clearing in SAP

    Hi All,
    Anyone in here have experience to implement an automatic clearing program to clear against AR with VISA card / Master card file from BANK for Retail or e-comm business ?
    Thanks

    Hi - I recommend you document the expected postings, because when the security deposit is made, you are debiting cash, right?
    Here would be the expected postings as an accountant when the security deposit is made:
    Debit Cash
      Credit Liability
    When security deposit is released, then the following should occur:
    Debit Liability
    Credit cash
    So to me the assumption that it shouldn't post to the bank clearing account is incorrect; it should as cash transactions are occurring, right?  I recommend documenting the requirements with the accountant.
    Tammy

  • Security deposit - Setting restriction automatically after payment

    Hello,
    After Iu2019ve created a security deposit (FPSEC1) and paid it for example with the cash desk. What I understand is that before you can release the security deposit you first have to u201Clocku201D the deposit using FPSEC2. This sets the restriction (DFKKOP-AUGST) to 2.
    Is there a way to set this restriction automatically so you donu2019t first have to go back to the FPSEC2 to set the lock. Or with a batch program oru2026u2026
    Could you please help me out here??
    Thanks a lot,
    Lukas Molenaar

    Lukas:
    It is not clear what you are looking for.  Standard functionality exists as follows:  A deposit is created - the payment of the deposit automatically restricts the payment with value '2'.  THis prevents the payment from being used to clear other receivables. This restriction is in place until the deposit is released.  There is standard release functionality with ISU when the customer moves out, or when the customer has met certain good payment requirements.  Those do not require any user interaction.  Additionally, user can access the security deposit in change mode (FPSEC2) and release it manually.
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    regards,
    bill.

  • RE-FX Internal contracts and security deposit contracts

    Hi All
    Please let me know the purpose of creating internal contracts and security deposit contracts and their diff with normal contract. in ecc6.0.
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    shantanu

    Hi
    Thanks for reply.
    how to settle cost between two department in internal contract? through rerapp?
    suppose there are two department(A and B)  and A wants to transfer cost to B because this cost does not belongs to A.
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  • Restrict security deposit release during final bill

    Hello,
    As per our business requirement security deposit need not to be adjusted
    with final bill. We have done the configuration as per following
    screen shot.But security deposit still get adjusted during final bill
    generation , please specify this configuration is correct or any
    other configuration is required to achieve this requirement.
    Configuration path:
    SPRO->SAP utilities->Invoicing->Invoice Processing->Item selection in account maintenance/Define sub-item
    And done the changes in both clearing type R42 & R43 as per below image

    Hi,
    You should check the configuration in Open Item Management for "Specifications for Invoicing".
    Make sure the Clearing Variant that is used doesn't have any explicit Clearing sequence for Main/Sub 0020/0010.
    If theres no such explicit configuration, make an ABAP change in the FI-CA Event ISU_EVENT_R401 to explicitly exclude the held Security Deposit . Heres the documentation for this event:
    ISU_EVENT_R401 
    Short Text
    Event R401:Select CA Items for Account Maintenance/Credit Transfer Posting
    Functionality
    Event R401 in IS-U invoicing selects the open items for account maintenance and transfer posting of credit. It is started in invoicing before the account maintenance modules are called.
    Tasks
    1. Selection (or preselection) of open items for account maintenance.
    The open items made available in this function module are already made available in field XAKTP_401 (table TY_R401_FKKCL) with a propsal in accordance with the entries in table TE514 table TY_R401_FKKCL. You can overwrite this proposal.
    2. Activation of open items for transfer posting in credit/receivable consumption billing.
    This enables, for example, items with a clearing restriction in invoicing to be repaid. The items made available in this function module already have a proposal in field XGUMB_401. This proposal is based on the specifications in table TE529 and can be overwritten.
    3. Deactivation of a statistical receivable without subsequent posting.
    If you set the indicator XCLON_401, a statistical receivable can be cleared without subsequent posting, so that it is not longer requested. The items made available in this function module already have a proposal in the field XCLON_401 based on the specifications in table TE529. You can overwrite this proposal.
    Example
    1. In periodic invoicing the cash security deposit payments are to be released for settlement after a given period. If this period has not expired, you must set the indicator XAKTP_401 = ' ' in the relevant item.
    2. In periodic invoicing the cash security deposit payments are to be repaid after a given period (if applicable, the credit remaining after settlement). In this case you must set the indicator XGUMB_401 = 'X' in the relevant item. If the credit is not to be reposted, you leave this indicator blank.
    3. In final invoicing the open request for a cash security deposit is to be deactivated (cleared without subsequent posting). In this case you must set the indicator XCLON_401 = 'X' in the relevant item.
    Further information
    Programming Restrictions
    To avoid jeopardizing the consistency of the system, note that you may not use the following language elements in events:
    COMMIT WORK
    ROLLBACK WORK
    CALL FUNCTION 'DEQUEUE ALL'
    Delete all locks that you have not set yourself.
    Parameters
    X_VERART
    X_BLDAT
    X_BUDAT
    X_BUPA
    X_FKKVKP
    X_SIMU
    X_INVOICE_UNIT
    YWA_CHG_SERVICE_OBJ
    TY_R401_FKKCL
    T_CONTRCL

  • FICA Security Deposit

    Hi folks,
    I have a following scenario -
    > Account has a cash security deposit request and a consumption receivable ( invoice ) posting
    > Both the items are fully cleared by customer payment. Once cleared, start date of security deposit will be the date on which deposit is cleared (or payment has made)
    > Then invoice is reversed (Since both, invoice and security deposit document had same clearing document, along with the invoice reversal, a reset clearing will be performed for cleared security deposit. Hence deposit request will become open again).
    > Account maintenance is performed on account.
    Running a account maintenance will clear the deposit request again however as per standard SAP code, start date of the deposit will be reset to the date on which account maintenance is done (i.e. start date will be changed to the latest clearing date of deposit request)
    My requirement is, I want to retain the old start date of deposit ( i.e. the date on which deposit was cleared for first time )
    Any inputs on how this can be done will be helpful.
    Thanks.

    Hi Amol,
    You can use FM FKK_DB_CASH_SECURITY_STATUS_GP.
    Pass your SD no in  X_Security to derive the status from Y_STATUS_TXT.
    If paid, from TY_FKKOP_REQ, AUGBL display the Returned date.
    Hope this helps
    Rgds
    Rajendra

  • Return of Security Deposit

    When a security deposit is returned due to move-out, in FPL9, the return increases the amount of the manual payment that cleared the security deposit by the cleared SD amount or creates an automatic clearing item for non-manual payment clearings in the amount of the cleared SD.  We were told this is "standard" but to me, this does not seem correct. Below is just one example of what displays.  During a customer move-out, what is standard practice and how should the security deposit return appear in FPL9?  Thank you!

    As per Standard practise SD  will be released from Downpaymnet on Final invoice and moved to transfter posting item under 250/10 main /SUb transaction.
    Thansk,
    Laxmi.

  • Security deposit issue: customer service saying it is never possible to get it back

    To anyone who might be able to straighten things out here,
    first of all, I am not asking for a security deposit back right away. I was just asking for a possibility of getting my security deposit back and on which condition I can get it back. However, when I called up (800)-922-0204 and spoke with counselor after waiting half-an-hour, she told me I am unable to get security deposit back at all since it is non-refundable to anyone. I questioned her why is it called a deposit in such case, and she kept on insisting that security deposit is something I pay in the beginning to open up an account and it cannot be returned at all. I was puzzled since the guy at the retailer shop and he told me I can probably get the deposit back at some time later and check the estimated date to get the deposit back if I called the number specified above and talked to a counselor.
         So I checked up the answers posted up in this forum and figured out that indeed security deposit is returned after certain criteria is met. I was really irritated and upset, but that's something I have to deal with, so I'll pass on that. Following are my conditions on Verizon account and I hope someone can tell me when I can possibly get the deposit back and/or where I can get such info.:
               I first opened up my account in Verizon 4 years ago with $400 deposit (Aug. 2014). Then, as a Korean male, I had to go back to my country to serve      in military service that I had my account suspended for about 3 consecutive years. (Thanks to the Verizon retailer who helped me out at Oakdale Mall.)      The first condition to get the security deposit back was "to have 12 consecutive monthly bills paid without delay (No suspensions while doing so)" and I      know it was not done since I suspended my account at around 10th month (June 5th, 2011). I re-activated my account with a different phone and a plan      on Aug. 30th, 2014 and the guy at the Verizon service center in Vestal, NY told me to check when I can possibly get my security deposit back.
    Sorry to leave such a long message here but I guess I am not good at summarizing things here. Please take the pain and help this poor kid out.
    Thanks to y'all who reads it & leaves a possible answer to my question.

    First of all, I assume you have a misprint and you opened your account ~4 years ago in August of 2010, not 2014(1 month ago).
    Next, it appears you had your account suspended for 3 years after completing only 10 months of service and have recently re-activated the account.
    If the above information is correct in your case, I would assume you will get your deposit back 12 months after reactivating your account without any further suspensions and/or late payments. So I would guess you will be eligible to get your deposit back in August, 2015.

  • Security Deposit Acount Determination

    Hi Experts,
    When the security deposit request is paid by using Payment lot or Payment run the GL account reflecting in the entry is the bank clearing account. How do I post to the Security Deposit Accont GL ?
    In EK02 I have maintained the relevant GL but the same is not determined in the payment entry.
    Please advice.
    Thanks
    Satyajeet

    Hi Satyajeet,
    Security deposit request are statistical in nature.
    When a SD request line item is posted in FI-CA, it does not have any impact in FI-GL.
    FI-CA:Statistical entry in customer A/c
    FI-GL: No entry
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    Bank A/c Dr
    To Bank Clearing A/c
    Bank Clearing A/c Dr
    To Consumer Security Deposit A/c
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    Hope it helps...
    Thanks,
    Amlan

  • PAYMENT AND RECEIPT RECONCILIATION

    Hi All,
    For payments and receipts to have a RECONCILED status, is it required to match them with a bank statement line?
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    Hi Audrey,
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  • Security Deposit Replication

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    Thanks in advance for your help,
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    Stephanie

    Hi Stephanie,
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